MASNX vs. TMSRX
Compare and contrast key facts about iMGP Alternative Strategies Fund (MASNX) and T. Rowe Price Multi-Strategy Total Return Fund (TMSRX).
MASNX is managed by iM Global Partner Fund Management. It was launched on Sep 29, 2011. TMSRX is managed by T. Rowe Price. It was launched on Feb 22, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MASNX or TMSRX.
Key characteristics
| MASNX | TMSRX | |
|---|---|---|
| YTD Return | 7.12% | 4.83% |
| 1Y Return | 10.79% | 6.33% |
| 3Y Return (Ann) | 0.58% | -0.59% |
| 5Y Return (Ann) | 2.56% | 2.21% |
| Sharpe Ratio | 3.25 | 2.31 |
| Sortino Ratio | 4.95 | 3.39 |
| Omega Ratio | 1.79 | 1.47 |
| Calmar Ratio | 1.32 | 0.72 |
| Martin Ratio | 14.49 | 8.94 |
| Ulcer Index | 0.77% | 0.70% |
| Daily Std Dev | 3.45% | 2.69% |
| Max Drawdown | -14.31% | -12.76% |
| Current Drawdown | -1.54% | -2.85% |
Correlation
The correlation between MASNX and TMSRX is 0.17, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
MASNX vs. TMSRX - Performance Comparison
In the year-to-date period, MASNX achieves a 7.12% return, which is significantly higher than TMSRX's 4.83% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
MASNX vs. TMSRX - Expense Ratio Comparison
MASNX has a 1.61% expense ratio, which is higher than TMSRX's 1.19% expense ratio.
Risk-Adjusted Performance
MASNX vs. TMSRX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iMGP Alternative Strategies Fund (MASNX) and T. Rowe Price Multi-Strategy Total Return Fund (TMSRX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
MASNX vs. TMSRX - Dividend Comparison
MASNX's dividend yield for the trailing twelve months is around 4.12%, less than TMSRX's 5.68% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MASNX iMGP Alternative Strategies Fund | 4.12% | 3.49% | 3.69% | 3.00% | 2.84% | 2.54% | 2.99% | 2.06% | 2.30% | 2.75% | 2.44% | 2.23% |
TMSRX T. Rowe Price Multi-Strategy Total Return Fund | 5.68% | 5.95% | 1.49% | 0.50% | 0.85% | 2.59% | 1.94% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MASNX vs. TMSRX - Drawdown Comparison
The maximum MASNX drawdown since its inception was -14.31%, which is greater than TMSRX's maximum drawdown of -12.76%. Use the drawdown chart below to compare losses from any high point for MASNX and TMSRX. For additional features, visit the drawdowns tool.
Volatility
MASNX vs. TMSRX - Volatility Comparison
iMGP Alternative Strategies Fund (MASNX) has a higher volatility of 0.85% compared to T. Rowe Price Multi-Strategy Total Return Fund (TMSRX) at 0.67%. This indicates that MASNX's price experiences larger fluctuations and is considered to be riskier than TMSRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.